The billionaire who ignores investors to get them rich

Billionaire Shigenobu Nagamori, chairman and chief executive officer of Nidec Corp., poses for a photograph in Kyoto, Japan, on Friday, July 1, 2016. As everyone from Prime Minister Shinzo Abe to activist investor Dan Loeb urges Japan Inc. to listen more to shareholders and update traditional labor practices, Nagamori is ignoring calls for change -- and trouncing his peers in the stock market. – Bloomberg

TOKYO: South of the famous temples of Kyoto, where factories and subsidised homes dot the landscape, a single skyscraper stands out. Perched at its top is Shigenobu Nagamori (pic), replete in a luminous green tie, pocket square and spectacles, holding forth on his distinctive business ways.

If you work for me, the billionaire chief executive officer of Nidec Corp says, you’ll never be fired for lacking talent, but don’t count on taking many holidays. If you buy shares in the US$27bil electronics giant I started in a shack beside my mother’s farmhouse, forget about asking for bigger dividends. Even if you’re Masayoshi Son, the second-richest man in Japan, you can expect an earful when I think you’re wrong.